Double Lot Flex Office
14011 NW 20th Ave Opa Locka, FL 33054
For Sale
$380,000
Pending
A flex office/warehouse with double-lot setup, currently generating $3,700 monthly rent.
Property Size800 SF
Lot Size0.25 Acres
Days on Market2511
Property Features for 14011 NW 20th Ave
General Information
Standard status
Pending
Size
800 SF
Lot size
0.25 Acres
Property subtype
General Commercial
Building Details
Year Built
1962
Listing Agency:
Miami New Realty
(305) 753-8521
Listed By:
Gendry Lopez
(305) 753-8521
Source:
Xome
Added: Sep 14, 2019
Changed: Jul 28
Last Checked: Jul 28 at 10:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miami New Realty
Investment Insights
Based on property information with market context.
This property is a flex-style office and warehouse setup built on a double lot, totaling 10,700 square feet. The office and warehouse area is 800 square feet. The local is currently rented for $3,700 per month, and the tenants are reported to be willing to continue with new owners.
Located at 14011 NW 20th Ave in Opa Locka, Florida, the property is positioned for investor ownership or for an owner-operator seeking space that is already income-producing.
For buyers evaluating a smaller office/warehouse configuration on a double lot, the existing rental arrangement offers near-term continuity, with the office component included within the overall layout.
Located at 14011 NW 20th Ave in Opa Locka, Florida, the property is positioned for investor ownership or for an owner-operator seeking space that is already income-producing.
For buyers evaluating a smaller office/warehouse configuration on a double lot, the existing rental arrangement offers near-term continuity, with the office component included within the overall layout.
Key Highlights
- Flex office/warehouse on a double lot in the Opa Locka commercial area
- Total area of 10,700 sq ft, with 800 sq ft for the office and warehouse area
- Currently rented for $3,700 per month
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $45.00 |
| − Vacancy | −$5.4k | −$6.75 |
| EGI | $30.6k | $38.25 |
| − OpEx | −$7.7k | −$9.56 |
| NOI | $23.0k | $28.69 |
800 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$327.9K
$286.9K – $382.5K
NOI $22,950 @ 7.0% cap · market cap 6.04%
Second Best
Warehouse
$186.4K
$163.1K – $217.5K
NOI $13,051 @ 7.0% cap · market cap 3.43%
Theoretical Best
Specialty Retail
$540.0K
$472.5K – $630.0K
NOI $37,800 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Adams Catering Inc — 14080 NW 22nd Ave A, Opa-locka, FL 33054
- Nat's Catering Services — 1739 Opa-Locka Blvd, Opa-locka, FL 33054
Frequently Asked Questions
What type of property is this?
Flex space - A flex office/warehouse with double-lot setup, currently generating $3,700 monthly rent.
Where is this flex space located?
The property is located at 14011 NW 20th Ave Opa Locka, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Flex office/warehouse on a double lot in the Opa Locka commercial area; Total area of 10,700 sq ft, with 800 sq ft for the office and warehouse area; Currently rented for $3,700 per month
